One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.

It's going to go on for at least 2 more years IMO. The new tax bill has folks speculating on growth. The next year will be the actual growth of companies taking advantage of the tax bill. After that who knows.

We all known Tallgrass can’t stand Trump but I also know Tallgrass is into investing money. I’ve lately been curious his feelings on the amount of money his investments have grown. Surely TG has to be as ecstatic has the rest of us common folk.

How much longer TG do you see the bulls running before we need to get out?

Over the next couple years, when companies start actually getting the profits from the tax breaks, stocks will continue to rise due to increased profits and the fact that they are buying back their outstanding shares, thus driving up the share prices. Then the prices will fall. Of course, if Recession or Inflation hits, all bets are off.

We all known Tallgrass can’t stand Trump but I also know Tallgrass is into investing money. I’ve lately been curious his feelings on the amount of money his investments have grown. Surely TG has to be as ecstatic has the rest of us common folk.

How much longer TG do you see the bulls running before we need to get out?

It more than doubled under the last admin after the meltdown in '08. Just saying. Nothing new.

I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.

I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.

solid it happened to my Dad with enroni am going to sell after Trump leaves

It is a false economy supported by deficit spending that our kids will pay for. It will likely be the same as it was after Reganomics and after Clinton. My investment portfolio has done very well since the second election of Obama and has continued this first year of Trump but I am under no illusion that the tax bill will result in long term growth.

I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.

solid it happened to my Dad with enroni am going to sell after Trump leaves

I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$

I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.

solid it happened to my Dad with enroni am going to sell after Trump leaves

I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$

We are likely in the late stages of a wonderful bull market, which is typically when some of the best gains take place. But keep in mind that the stock market is a leading indicator of economic conditions (historically 6-9 months) and when the bear market happens the rate of decline in values is much faster than the rate of increase during a bull market. So if you wait for a recession to take place (which we will not even know has happened until several months after the fact), you have waited much too long to de-risk your portfolio.

Enron is a good example of how our politicians pathetically serve us. Phil Graham (Houston/Oil connected )sponsored the bill to prevent Enron-type fraud and got it through the Senate in the last days of Clinton's second term. After it was approved by the Senate, he and his cohorts "amended" it to allow large financial institutions (banks, hedge funds, retirement funds, etc.) to participate in oil commodity trading. Due to public sentiment, Clinton was pretty much forced to sign it, and most gave little attention to the "amendment". Then in the early 2000's someone allowed foreign stock exchanges to trade on the NYSE under the rules of their country with no oversight by the SEC. (I can't trace this to Bush necessarily, but I have my suspicions with his family's oil heritage.) Therefore, the large oil traders (banks, etc.) started to funnel their trades through foreign exchanges (primarily the International Commodity Exchange in London), were able to avoid scrutiny by the SEC, and basically manipulate oil prices as a result. The "speculator" was born - remember that term? Gas went up to $4.00/gal. in this country, folks couldn't afford their house any more, and the dominoes started to fall until it wound up in the septic tank by 2008. I'm sure most remember that as well.

As for me, I don't trust politicians any further than I can throw them. They may go up there with good intentions but soon fall in line with the rest and become puppets for their financial supporters instead of representatives for their voting public.

We are likely in the late stages of a wonderful bull market, which is typically when some of the best gains take place. But keep in mind that the stock market is a leading indicator of economic conditions (historically 6-9 months) and when the bear market happens the rate of decline in values is much faster than the rate of increase during a bull market. So if you wait for a recession to take place (which we will not even know has happened until several months after the fact), you have waited much too long to de-risk your portfolio.

This is some good insight right here. Market is up nearly 5% in a couple of weeks! Figure that out on an annual return basis and let it sink in. There will be bumps along the way but it's anyone's guess how high this thing will go. No reason to sell out right here but taking a little off the table would be prudent.

I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.

solid it happened to my Dad with enroni am going to sell after Trump leaves

I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$

Really starting to [censored] me off. No rhyme or reason for this big of a sell off. Economic indicators and earnings are best in years. Huge corporate tax reduction. I don't get it a bit, but I will continue to be resolute and go down with the ship should that be the case.